Blue Ocean Fund, LP
Blue Ocean Fund, LP is a hedge fund based in Grand Rapids, Michigan. According to its most recent Form D, filed Jul 24, 2019, the fund has sold $4,000,000 of interests to 8 investors since its first sale in Jul 2018. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Blue Ocean Capital, LLC; Michael Smorch; Lindsey Smorch.
Performance
No returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $4,000,000Cumulative sales reported on Form D
- Investors
- 8
- First sale
- Jul 24, 2018
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Blue Ocean Capital, LLC; Michael Smorch; Lindsey Smorch
- Latest Form D
- Jul 24, 2019
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Blue Ocean Fund, LP
What is the minimum investment for Blue Ocean Fund, LP?
Blue Ocean Fund, LP's latest Form D, filed Jul 24, 2019, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Blue Ocean Fund, LP?
Blue Ocean Fund, LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Blue Ocean Fund, LP raised?
Blue Ocean Fund, LP reports $4,000,000 sold from 8 investors on its Form D filed Jul 24, 2019. This is cumulative sales since the offering began, not current assets or performance.
Where is Blue Ocean Fund, LP based?
Blue Ocean Fund, LP is based in Grand Rapids, Michigan.
When did Blue Ocean Fund, LP launch?
Blue Ocean Fund, LP reports its first sale in Jul 2018.
Size compared with every hedge fund
Raised more than 71% of the 28 hedge funds based in Michigan, and more than 13% of all 10,134 that report sales.